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U.S. - IsraelNetanyahu flies to U.S., signs of some easing of tensions over Iran speech
While White House and Israeli officials insist that key areas of cooperation, from counter-terrorism to intelligence to cyber security, will remain unaffected, the divide over the Iran talks has shaped up as the worst in decades.
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Global Oil MarketsOil market price stability looming on the horizon
In his ‘first public comments’ since December, Saudi Oil Minister Ali Al-Naimi insisted last Wednesday that the oil market had become “calm”, chiding those who would rock the markets. “Why do you want to rock the markets? The markets are calm… demand is growing,” Naimi told reporters on the sidelines of a conference in Jazan.
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Foreign ResidentsSaudi Arabia: Dependent Visa holders subject to biometric submission
Fingerprints and biometrics will be taken at the time of entry into Saudi Arabia and/or upon renewal of the dependent’s Iqama. This new requirement comes as the second phase of Saudi Arabia’s plan to gather biometric data from all foreign residents. Foreign employees on assignment in Saudi Arabia have been required to submit this data for some time now in order to finalize their immigration process.
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Women in Saudi ArabiaSaudi women react to new king
The new royal administration has not yet made clear its position on advancing women’s opportunities. On the one hand, one of Salman’s first moves after becoming king was to extend a royal olive branch to several clerics who had been demoted or ignored by Abdullah, sometimes for publicly objecting to his promotion of women’s advancement. And it is widely believed that Salman will give the Wahhabi clerical establishment more say in formulating policies than Abdullah did. On the other hand, Salman has peppered his Cabinet with young technocrats who are aware that national development requires women’s participation in the economy and public life.
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Solar EnergySaudi’s ACWA Power gets $344 mln loan for Dubai solar project
ACWA is preparing bids for projects worth $7 billion in areas from from south Asia to the Middle East and North Africa and South Africa, Padmanathan said. "It is a very, very buoyant sector."
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RemittancesSaudis remit $180 bln abroad in a decade
The rise in Saudi remittances is related to the rise in the import of commodities. These figures come at a time when World Bank estimates disclosed that “invisible” transactions in the Kingdom accounted for a large part of the country’s Gross Domestic Product (GDP).
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WomenSmall to medium companies “not fit to employ Saudi women,” advisor to MoL says
Business sectors in the Kingdom with less than 500 workers are not fit to employ women, at least according to assessments made by the Ministry of Labor’s adviser.
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Oil PriceOil Extends Second Weekly Drop as U.S. Idles Fewer Drilling Rigs
Oil declined in New York, extending its second weekly loss as U.S. drillers reduced the number of rigs in operation at the slowest pace since January.
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OpinionOpinion: The Saudi health ministry needs a major reshuffle
Ministries are called upon to address prevailing problems that are due to poor management, lack of quality control, nepotism (in my opinion), corruption and the power struggles that delay any constructive action that can serve the needs of the public.
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Mohammed Al MadaniSaudi Travel Tycoon Becomes Billionaire With Pilgrimage Packages
Mohammed Al Madani, chancellor at Saudi Arabia’s ministry of foreign affairs, is a frequent flier, logging at least 10 international trips a year on diplomatic missions to London, Lisbon, Manila and elsewhere. Before packing his bags, he usually checks in with the Al Tayyar travel agency in Riyadh.
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